​​​​DALLAS – Health care giant Blue Cross Blue Shield of Texas plans to bring the next big widget to save on health care costs to fruition in Dallas' West End neighborhood, in a new two-story innovation hub.

The hub, called The C1 Innovation Lab, will sit in two floors totaling 31,700 sf within Factory Six03, which is a historic West End building at 603 Munger Ave.

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The innovation lab is slated to open with the building in April.

The build out of the two floors within the historic West End building is expected to cost a total of $2.5 million.

It is part of a larger redo of the 103-year-old brick-and-timber building.

Construction is underway on the eighth floor addition, which will include a rooftop entertainment space and amenity deck.

Factory Six03 will also have two restaurants and a coffee shop on the ground floor in about 11,000 sf of retail space.